Solana, the high-speed spacecraft of the blockchain world, has long captivated the attention of traders and cryptocurrency enthusiasts with its bold promises of seemingly limitless scalability and lightning-fast transaction processing, features that have historically set it apart from its more traditional competitors. Lately, however, much like many other altcoins, Solana has found itself ensnared in the volatile turbulence imposed by the broader cryptocurrency market sentiment. Today, November 10, 2025, the SOLUSD chart presents a narrative dominated by persistent selling pressure, with the price acting as a continuous testing force on technically sensitive and critical levels. At the opening of the daily trading candle in the GMT timezone, the price was recorded at $161.06, and now, after several hours of trading, it has settled at the $167.62 level. This relative steadfastness observed in the recent hours raises profound questions: Is this tentative stability a sign that the market sellers are exhausted and beginning to take a breather, or is it merely a brief and potentially misleading pause before the price resumes its downward trajectory towards lower levels? To answer this query with precision, a deep dive into all aspects of technical analysis is imperative. We commence our analysis by mapping out the pivotal levels, which act as the market's sentinels dictating the path of future price action. The first key support is firmly anchored at the $155 level. This is the zone the price has recently approached and where it has shown initial signs of buying resistance, suggesting it might serve as a temporary floor if buyers can manage to defend it. Should this level fail to hold, the next major support awaits at $145. This level carries greater significance as it aligns almost perfectly with the lower band of the Bollinger Bands and corresponds with the 50-day Simple Moving Average (MA50) situated around $150. The confluence of price support with a moving average significantly enhances this area's importance as a potential rebound zone. On the bullish side, the primary and immediate resistance looms at $180. An effective and sustained breakout above this barrier could potentially unlock the door to another strong psychological target at $200. These levels have been derived from standard Pivot Point calculations, with the Main Pivot Point identified at $165. Any trading consistently above this level tends to support a short-term bullish outlook. We now turn to the technical indicators, which often flash conflicting warning signals, much like caution lights in foggy weather. The 14-period Relative Strength Index (RSI) is resting at a level of 37. This reading places it near the oversold region an area that frequently presents buying opportunities but the concerning observation is the apparent absence of any clear positive divergence thus far. This suggests the market is exhausted from selling, but still retains technical room to drop a little further before a serious reversal process can commence. The Moving Average Convergence Divergence (MACD) indicator still reflects a bearish stance with a negative histogram value of approximately -2.37, and importantly, the MACD line is clearly positioned below its signal line, confirming the continuation of the current selling momentum. Even the moving averages suggest selling pressure; the 200-day Moving Average (MA200) sits at $170, and price trading beneath it seriously questions the validity of the overall long-term uptrend. On the daily chart, a Descending Channel pattern is clearly forming, characterized by the formation of Lower Highs and Lower Lows since the beginning of October. This pattern is inherently bearish, but it becomes more significant when the price hugs the lower band of the channel, where a bounce becomes highly probable. Notably, the trading volume has notably spiked in tandem with selling activity, yet the On-Balance Volume (OBV) appears flat, which could hint at hidden accumulation occurring away from the short-term speculators' view. Some prominent analysts contend that forthcoming positive market developments, such as the potential approval of Solana Exchange-Traded Funds (ETFs), could strongly propel the price towards a rebound. However, the most pressing question remains: if the crucial support level at $155 gives way, what will be the fate of the next support at $135? Current data suggests this level is a possible target if the present selling pressure continues. Moving to the shorter timeframe, the four-hour frame, additional indicators suggest the potential for an imminent rebound. The Stochastic indicator sits at 25, placing it in the oversold territory, and critically, there is a positive divergence between the price action and the indicator, which serves as an early, strong signal for a price reversal. The widening of the Bollinger Bands significantly confirms that market volatility is extremely high, paving the way for a sudden, sharp move. The market currently appears trapped within a Bearish Flag, but testing the current support level could swiftly invert this pattern. Fibonacci Retracement analysis supports the idea of critical support at current levels. By drawing the tool from the recent high of $200 down to the low of $140, the critical 61.8% retracement level is situated at $160. The price is currently hovering around this level and consolidating above it, making it a focal point of extreme importance. Furthermore, observing an increase in trading volume concurrently with the price reaching this support suggests buyers are entering strongly to provide liquidity. In recent months, Solana has endured a deep correction of approximately 15%, and consequently, it has remained entrenched below the 100-day Moving Average (MA100) located at $165. This structural weakness often foreshadows a deeper correction if this critical level is not reclaimed. If the price can manage to stay and consolidate confidently above $165, the next upside target at $185 becomes well within the realm of realistic possibility. Nevertheless, the overall macro market landscape remains subject to major economic risks, such as any unexpected delay in inflation data (CPI), which could cast a shadow over all high-risk assets, including Solana. From a medium-term perspective, the weekly trend for SOL remains distinctly Bearish. The price is trading decisively below the Ichimoku Cloud. Within the Ichimoku analysis framework, the Tenkan-sen line (faster) is positioned below the Kijun-sen line (slower), and the Chikou Span line is trapped behind the price action all clear negative signals. However, the immense long-term potential cannot be ignored; the continuous and impressive growth in Decentralized Application (dApp) counts and ongoing innovation within the Solana ecosystem lay a solid foundation for a future recovery when overall market sentiment improves. In conclusion, traders, extreme caution is warranted at this volatile juncture. For those leaning towards short positions, setting a target at $145 with a Stop-Loss placed above the significant resistance level at $165 represents a prudent risk-management strategy. The cryptocurrency markets are inherently full of traps designed to catch undisciplined traders; therefore, deep technical analysis, adherence to a pre-determined strategy, and patience are the essential ingredients to successfully navigate this critical period.